In the first half of 2018, the Logwin Group generated sales of EUR 540.1 million, slightly below the previous year’s sales of EUR 541.4 million. Cargo volumes in air and ocean freight continued to develop well.
In the still challenging market and competitive environment, Logwin succeeded in continuing its good earnings performance in the first half of 2018. The operating result (EBITA) of the Logwin Group increased significantly year-on-year from EUR 18.5 million to EUR 22.9 million in the first half of 2018. The business segment Air + Ocean contributed to this improvement with an earnings increase to EUR 21.1 million (2017: EUR 17.5m).
In the business segment Solutions, earnings also increased to EUR 4.8 million (2017: EUR 4.4m) as well. The improvement in operating profit resulted in a significant increase in the net result to EUR 17.8 million for the first half of 2018 (2017: EUR 13.1m). The capital expenditures amounted to EUR 4.6 million (2017: EUR -7.6m).
Logwin AG (Grevenmacher, Luxembourg) provides efficient logistics and transport solutions for its customers from industry and trade. In 2017, the group generated sales of EUR 1.1 billion and currently employs about 4,200 staff. Logwin operates worldwide and has around 190 locations on six continents. With its two business segments Solutions and Air + Ocean, Logwin AG is one of the leaders in the market.